When wrote here last month that Marc Newson’s iconic Lockheed Lounge would highlight the Masterworks of Design sale at Christie's on December 17th in New York, I didn’t know that Sotheby’s would present another copy of the masterpiece, which was named after the American aircraft manufacturer. The example at Sotheby’s which I saw tonight comes from the collection of Reed Krakoff, and is not for sale. The edition of the Lockheed Lounge, presented by Christie’s was created in 1990 and numbered four from the edition of ten. What made the Lockheed, which Newson first exhibited in 1986 in Sydney’s Roslyn Oxley Gallery a design icon of our time, and the most expensive piece of furniture by living artist? It was placed in the dazzling and provocative lobby that Philippe Starck created for Ian Schrager’s Paramount Hotel in 1990; it was featured as the centerpiece in Madonna’s video for her single ‘Rain’ in 1993; it was included in the influential traveling exhibition ‘100 Masterpieces’ by Vitra in 1995; it was the highlight of the Carnegie Art Museum’s aluminum retrospective in 2000, when the Museum acquired an example for its collection, occupying the front and back covers of the exhibition catalogue. The Lockheed Lounge is estimated at $1,500,000 – 2,000,000; the last it was offered by Phillips London in the spring, it was sold for a record busting £2,434,500 ($3,700,400) in the boutique firm’s Design auction.